Global Dark Chocolate Market Analysis
According to Verified Market Research, The Global Dark Chocolate Market was valued at USD 44.09 Billion in 2018 and is projected to reach USD 83.34 Billion by 2026, growing at a CAGR of 8.26% from 2019 to 2026.
What is Dark Chocolate?
Dark chocolate is chocolate without milk solids added and has a more prominent chocolate taste than milk chocolate and hence the dark chocolate is more prone to a dry, chalky texture and a bitter aftertaste. The elementary ingredients in dark chocolates are cacao beans, sugar, an emulsifier such as soy lecithin to preserve texture, and flavorings such as vanilla. Variety of dark chocolates differ from each other by the percentage of cocoa solids in the bar.
Global Dark Chocolate Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
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Key factors such as growing health benefits linked with cocoa-rich dark chocolates, rising demand for premium dark chocolates as gifts, growing online sales, players introducing more limited edition seasonal chocolates and expanding marketing initiatives are anticipated to drive the global Dark Chocolate in the forecast period. Also, amplified demand for dark chocolate in developing countries is a result of rising in disposable income and change in eating habits.
On the contrary, with growing demand for healthy products, the global chocolate industry is going through a perception crisis moreover, the rising cocoa prices could be few of the major restraining factors in the growth of this market in the coming years.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The "Global Dark Chocolate Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Dark Chocolate Market Competitive Landscape
The "Global Dark Chocolate Market" study report will provide a valuable insight with an emphasis on global market including some of the major players such as Mars, Inc, Mondelez International, Meiji Co Ltd, Nestlé SA, Hershey Co, Lindt, Ritter Sport, Amul, Blommer Chocolate Company, Brookside Foods, Chocolate Frey, Ezaki Glico (TCHO). Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Dark Chocolate Market, By Type
• 70% Cocoa Dark Chocolate
• 75% Cocoa Dark Chocolate
• 80% Cocoa Dark Chocolate
• 90% Cocoa Dark Chocolate
Global Dark Chocolate Market, By Product
• Bitter Chocolate
• Pure Bitter Chocolate
• Semi-Sweet Chocolate
Global Dark Chocolate Market, By Distribution Channel
• Online Sales
• Offline Sales
Global Dark Chocolate Market, By Application
• Personal Care & Cosmetics
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Global Dark Chocolate Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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